Mike started a business with Rs.45000.
Mike started a business with Rs.45000. After 3 months John joined him with a capital of Rs. 60000. After another 6 months, Tom joined them with a capital of Rs.90000. At the end of the yr, they made a profit of Rs.20000. What would be Tom share in it?
Answer/Solution
Rs. 4000
Steps/Work
Just take care of the months of investment, rest all will be simple.
Yogesh:Pranab:Atul = 45000*12:60000*9:90000*3 = 2:2:1
Atul's share = Rs. 20000 * (1/5) = Rs. 4000
(D)
Yogesh:Pranab:Atul = 45000*12:60000*9:90000*3 = 2:2:1
Atul's share = Rs. 20000 * (1/5) = Rs. 4000
(D)